Zero-rated supplies - Whenever you make exports, supplies to a SEZ unit or deemed exports, the GST associated with the items or services involved becomes 0 even though the same would attract a GST rate greater than 0% when sold within India. Such supplies are deemed as zero rated supplies...
Reduced rate (5%): This rate applies to specific goods and services that the government wants to support or that are considered necessary. Examples include domestic gas and electricity, children’s car seats, and some energy-saving home improvements. Zero rate (0%): Zero-rated goods and servic...
IGST, SGST and CGST are taxes under the GST regime. Read here to understand all you need to know about these taxes.
There will be strictly no refund (FULL OR PRO-RATED) in cases where your account is terminated or suspended or blocked by Zoho for activities that are in violation of our Terms of Service including, but not limited to phishing, impersonation, fraud, and violation of any applicable laws. Pe...
Sales supplies (other than zero rated, nil rated and exempted - includes all regular taxable sale of items and services made by you). Other sales supplies (Nil rated andexempted supplies. It’s important to remember that nil-rated and exempted goods and/or services under GST are not the sa...
When goods and/or services are used partly for taxable supplies and partly for exempt supplies, one can avail ITC only on the portion used for making taxable supplies and zero rated supplies. ITC is not allowed on the portion used for making exempt supplies, and supplies where the receiver ...
Table 1, 2 & 3: Details ofGSTINand aggregate turnover in the preceding year. Table 4: Taxable outward supplies made to registered persons (including UIN-holders) other than zero-rated supplies and deemed exports. Table 5: Taxable outward inter-State supplies to un-registered persons where the...
2. Zero-rated sales Some goods and services will be subject to a zero rate of GST. These include: exported goods and services consumable goods for consumption outside PNG (eg aircraft and ship supplies) the supply of prescription drugs, medical prostheses and prescription lenses Tax facts and ...
Pearl dealers should take a close look at what happened in the colored gemstone market, because they are headed in the same direction. As increasing supplies of treat- ed gemstones entered the market, prices for natural, untreated gem- stones began to drop (as we are dramatically as more ...
We aim to demonstrate that if publicly available data are appropriately monitored, a policy revision can take place in a timelier and less disruptive manner. Keywords: energy policy efficiency; energy policy assessment; renewable energy sources (RES) support; feed-in tariffs (FITs) 1. Introduction...